Cello World ends 22% higher on first day of trading

Cello World ends 22% higher on first day of trading

[ad_1] Shares of Cello World on Monday made a strong listing at the bourses by gaining 28 per cent. As against the issue price of ₹648, shares of Cello World, that has a strong presence in the consumer houseware, writing instruments and stationery, closed at ₹791.90 on the BSE and at ₹791.70 on the NSE, […]

REITs,  InvITs collect ₹18,658 crore in Apr-Sep on robust infra demand

REITs,  InvITs collect ₹18,658 crore in Apr-Sep on robust infra demand

[ad_1] Strong demand for infrastructure investment, attractive returns, and favourable government policies have pushed fund mobilisation through listed REITs and InvITs to ₹18,658 crore in the April-September period of the current fiscal.  This came following a fund collection of ₹2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped […]

Protean eGov Technologies IPO opens on Monday: Should You Subscribe?

Protean eGov Technologies IPO opens on Monday: Should You Subscribe?

[ad_1] The IPO of Protean eGov Technologies (Protean) is open during November 6-8. The ₹489-crore issue is entirely an offer for sale by existing investors. The company is diversely held with no promoter group. Largest shareholder is NSE investments with a 24.77 per cent stake, while financial institutions such as SBI, HDFC Bank, Axis Bank, […]

Better Q2 show drives Tata Motors stock

Better Q2 show drives Tata Motors stock

[ad_1] Shares of Tata Motors climbed nearly 5 per cent on Friday, after analysts reiterated their bullish stance after the company’s ‘strong’ Q2 financial performance. The auto major reported a consolidated net profit of ₹3,783 crore for the September quarter, driven mainly by the robust performance of its British arm Jaguar Land Rover, as against […]

Broker’s call: Chola Inv & Fin (Hold)

Broker’s call: Chola Inv & Fin (Hold)

[ad_1] Target: ₹1,150 CMP: ₹1,134.60 Cholamandalam Investment and Finance Company’s (CIFC) AUM growth picked up further to 42 per cent YoY vs 40 per cent YoY (Q1FY24) led by strong growth in disbursements (up 47 per cent YoY). Disbursements grew by 47 per cent YoY led by growth across the segments. NIMs improved by 10 […]

Mamaearth IPO subscribed 7.6 times

Mamaearth IPO subscribed 7.6 times

[ad_1] Despite noise in the social media, the initial public offering of Honasa Consumer saw a strong response and subscribed 7.61 times on Thursday, the final day of bidding. The ₹1,701-crore initial public offering from the owners of famous Mamaearth outlets, received bids for 22 crore shares against an offer of about 2.9 crore shares. […]

At 83.29, rupee drops to record low against dollar

At 83.29, rupee drops to record low against dollar

[ad_1] The rupee closed at a lifetime low at 83.29 per dollar as the greenback strengthened and US Treasury yields rose ahead of the Federal Open Market Committee’s policy decision. The Indian unit ended four paise weaker against previous day’s close of 83.25. The FOMC is likely to keep its rate on hold. Though there were foreign […]